Nations Seek Financial Rewards To Preserve Forests

At a U.N. climate conference in Montreal, nations seek to earn carbon credits for projects that avoid deforestation.

1 minute read

December 2, 2005, 12:00 PM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech


"An old argument which provoked years of acrimonious debate following the Kyoto agreement is resurfacing here at the UN climate conference: should people be paid not to cut down trees?...Under the rules of Kyoto being confirmed at this conference, there is no mechanism to earn credits in the new carbon market through projects which avoid deforestation.

Companies can, however, contribute to their targets for cutting emissions by funding the reforestation of denuded areas, or the planting of entirely new forests."

Wednesday, November 30, 2005 in BBC

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